This Multifamily Property is no longer advertised on LoopNet.com.

702 Martin Luther King Jr Way
Tacoma, WA 98405
Pennington Apartments · Multifamily Property For Sale · 52 Units

Investment Highlights

  • Walker's Paradise
  • Dual Value-Add Opportunity
  • Proximity to major employers

Property Facts

No. Units 52
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid-Rise
Building Class C
Lot Size 0.22 AC
Construction Status Under Renovation
Building Size 33,000 SF
Average Occupancy 100%
No. Stories 4
Year Built/Renovated 1931/2026
Parking Ratio 0.55/1,000 SF
Zoning R4T, Tacoma

Amenities

Unit Amenities

  • Heating
  • Ceiling Fans
  • Kitchen
  • High Speed Internet Access
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower

Site Amenities

  • 24 Hour Access
  • Controlled Access
  • Laundry Facilities
  • Elevator
  • Walk-Up

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 37 $940.00 475
1+1 15 $1,365 500 - 775

Property Taxes

Property Taxes

Parcel Number
200722-0100
Land Assessment
$645,400
Improvements Assessment
$6,125,800
Total Assessment
$6,771,200
  • Listing ID: 24470881

  • Date on Market: 11/11/2021

  • Last Updated:

  • Address: 702 Martin Luther King Jr Way, Tacoma, WA 98405

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